Ecuador: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Ecuador

The Ecuadorian ferro-cerium and pyrophoric alloys market totaled $X in 2021, picking up by 7.8% against the previous year. In general, consumption, however, showed a noticeable slump. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Ecuador

In value terms, ferro-cerium and pyrophoric alloys production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of 40% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Ecuador

For the third consecutive year, Ecuador recorded decline in overseas shipments of ferro-cerium and pyrophoric alloys, which decreased by 0% to X kg in 2018. Overall, exports faced a precipitous shrinkage. The smallest decline of -62.8% was in 2016. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2018, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports amounted to $X in 2018. Over the period under review, exports recorded a precipitous decline. The smallest decline of -65.2% was in 2016. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2018, the exports remained at a lower figure.

Exports by Country

Maldives (X kg) was the main destination for ferro-cerium and pyrophoric alloys exports from Ecuador, accounting for a 96% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Maldives exceeded the volume sent to the second major destination, China (X kg), more than tenfold.

From 2015 to 2018, the average annual growth rate of volume to Maldives was relatively modest.

From 2015 to 2018, the average annual growth rate of value to Maldives was relatively modest.

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2018, stabilizing at the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 a decrease of -6.4%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2018, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2018, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Maldives stood at $X per ton.

From 2015 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Peru (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Ecuador

In 2021, imports of ferro-cerium and pyrophoric alloys into Ecuador shrank remarkably to X tons, with a decrease of -49.1% on the previous year's figure. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 204% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports dropped sharply to $X in 2021. Overall, imports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 323% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Canada (X tons), Colombia (X tons) and the United States (X kg) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Ecuador, with a combined 93% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +24.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Ecuador, comprising 72% of total imports. The second position in the ranking was held by Colombia ($X), with a 13% share of total imports. It was followed by France, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from Canada stood at +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-2.8% per year) and France (-23.2% per year).

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, which is down by -32.3% against the previous year. Overall, the import price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 91%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+37.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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